Mike Cahill argues that the traditional finance (TradFi) sector, especially equities, is due for disruption through decentralized finance (DeFi). In the U.S., 10% of earners own more than 90% of stocks, showcasing a glaring disparity in access to investment opportunities. Globally, billions lack the financial literacy and tools needed to invest. Key barriers include outdated price data, strict vetting processes for execution, and slow settlement periods that inhibit smaller investors. DeFi has the potential to address these issues by providing improved access to real-time pricing data, enabling fractional investments through decentralized platforms, and facilitating near-instant settlement through blockchain technology. By reimagining price, execution, and settlement processes, equities can be made much more accessible, thereby helping to close the wealth gap and democratize investment opportunities.

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